A Micro-finance bank is a type of bank that offers small loans, or microloans, to individuals, entrepreneurs and small businesses. These banks typically function to provide opportunities to low-income regions where small amounts of money can go a long way. Simply put Micro-finance banks ultimately provide credit to those who are unable to access the type of capital needed to develop businesses or kick-start their entrepreneurial dreams.
According to the Apex Bank, Central Bank of Nigeria (CBN), there are 1023 Micro-finance banks in Nigeria and 5 are foreign owned.
Top 5 states are: Lagos, Anambra, Abuja, Ogun and Oyo while the bottom 5 are: Sokoto, Taraba, Bayelsa, Imo and Yobe.
Click here to download the complete list with their names, addresses, phone numbers, email address etc…
See below breakdown by states:
| States | No. of MFBs |
| Lagos | 195 |
| Anambra | 81 |
| Abuja | 70 |
| Ogun | 60 |
| Oyo | 60 |
| Delta | 40 |
| Kaduna | 40 |
| Kano | 40 |
| Niger | 40 |
| Osun | 30 |
| Kwara | 27 |
| Enugu | 24 |
| Kogi | 24 |
| EDO | 22 |
| ABI | 20 |
| Ondo | 19 |
| Rivers | 19 |
| Bauchi | 17 |
| Plateau | 17 |
| Ekiti | 14 |
| Akwa Ibom | 13 |
| Cross River | 13 |
| Jigawa | 12 |
| Adamawa | 11 |
| Benin | 11 |
| Kebbi | 10 |
| Nasarawa | 10 |
| Enbonyi | 9 |
| Katsina | 7 |
| Zamfara | 5 |
| Borno | 4 |
| Gombe | 4 |
| Sokoto | 4 |
| Taraba | 4 |
| Bayelsa | 3 |
| Imo | 3 |
| Yobe | 1 |
| Total | 1023 |
